All posts tagged: Stranglehold

War rages on multiple fronts as Israeli attacks on Lebanon grow amid Iran shipping stranglehold

War rages on multiple fronts as Israeli attacks on Lebanon grow amid Iran shipping stranglehold

BEIRUT, Lebanon (AP) — The war in the Middle East raged on multiple fronts Monday, as the U.S. and Israel pummeled military targets in Iran’s capital, Israel stepped up bombardments of Iran-backed militants in Lebanon and Iran retaliated with a drone strike that temporarily closed Dubai’s airport, a crucial hub for travelers. Fears of a global energy crisis continued, even as a small number of ships passed through the Strait of Hormuz, a vital waterway through which a fifth of the world’s oil normally travels. Iranian strikes on commercial ships in and around the strait — and even just the threat of attacks — have slowed shipping to a trickle, dramatically increasing oil prices and pressuring Washington to do something to ease the pain for consumers and the global economy. Brent crude, the international standard, remained over $100 a barrel. U.S. President Donald Trump said he had demanded that roughly a half-dozen countries send warships to keep the Strait of Hormuz open. But his appeals brought no immediate commitments. Speaking of the strait, Iranian Foreign …

Oil stays above 0 a barrel amid Iran’s stranglehold on Strait of Hormuz | US-Israel war on Iran News

Oil stays above $100 a barrel amid Iran’s stranglehold on Strait of Hormuz | US-Israel war on Iran News

Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows. Listen to this article | 4 mins info Published On 13 Mar 202613 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo Oil prices have again risen above $100 per barrel as energy markets see little relief amid the biggest disruption to global energy supplies in a generation. Brent crude, the international benchmark, surged more than 9 percent on Thursday as traders weighed the prospect of weeks, or even months, of turmoil in energy markets as the United States and Israel wage war on Iran. Recommended Stories list of 4 itemsend of list Brent futures, which are traded outside of regular market hours, were priced at $101.13 as of 03:00 GMT. Asian stock markets, including exchanges in Tokyo, Seoul and Hong Kong, opened sharply lower on Friday, following steep losses on Wall Street overnight. The latest surge in oil prices came after Iran’s Supreme Leader Mojtaba Khamenei pledged to maintain the effective closure of the Strait of Hormuz, which normally transports …

How China’s Rare Earth Stranglehold Is Unleashing American Innovation

How China’s Rare Earth Stranglehold Is Unleashing American Innovation

Authored by Owen Evans via The Epoch Times (emphasis ours), The West may have found an unexpected way to chip away at communist China’s dominance in the production of critical minerals: extracting metals from oil wells, waste streams, and discarded electronics in an attempt to scale up processing technologies at home. Illustration by The Epoch Times, Jeff Fitlow, James Tour’s Lab/Rice University, John Fredricks/The Epoch Times Instead of waiting years for new mines to open, a wave of startups is turning to existing resources to recover metals that Beijing has controlled for decades. “Chevron’s wells in just three [Texas] counties can actually produce the world supply of rhodium,” Eric Herrera, CEO of MaverickX, recently told The Epoch Times. Rhodium is the world’s most valuable precious metal, prized for its ability to neutralize toxic emissions. It sits alongside a wider class of materials that make up the hidden components in smartphones, electric vehicles, renewable energy, and even weapons. Geostrategic Weaponized Tools Rare-earth elements such as neodymium and dysprosium are not actually rare. They are abundant but …